Analysts Set eBay Inc. (NASDAQ:EBAY) Target Price at $62.92

eBay Inc. (NASDAQ:EBAY) has received an average rating of “Hold” from the twenty-seven research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $62.92.

A number of equities analysts have commented on EBAY shares. Mizuho boosted their price target on shares of eBay from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 5th. UBS Group dropped their target price on eBay from $72.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, October 31st. Jefferies Financial Group lowered eBay from a “hold” rating to an “underperform” rating and cut their target price for the stock from $60.00 to $52.00 in a research note on Tuesday, December 10th. JPMorgan Chase & Co. decreased their price target on shares of eBay from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, Wells Fargo & Company upped their price objective on shares of eBay from $59.00 to $61.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd.

Insider Activity at eBay

In related news, SVP Cornelius Boone sold 3,989 shares of eBay stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $65.20, for a total transaction of $260,082.80. Following the sale, the senior vice president now directly owns 71,469 shares in the company, valued at $4,659,778.80. The trade was a 5.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jamie Iannone sold 5,625 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $63.21, for a total value of $355,556.25. Following the completion of the transaction, the chief executive officer now owns 531,167 shares of the company’s stock, valued at approximately $33,575,066.07. This trade represents a 1.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,149 shares of company stock worth $1,746,065 over the last 90 days. 0.38% of the stock is owned by company insiders.

Institutional Trading of eBay

A number of hedge funds and other institutional investors have recently modified their holdings of EBAY. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in eBay by 0.3% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,494 shares of the e-commerce company’s stock worth $3,418,000 after acquiring an additional 153 shares in the last quarter. Smithfield Trust Co boosted its position in shares of eBay by 3.6% in the 4th quarter. Smithfield Trust Co now owns 4,411 shares of the e-commerce company’s stock worth $274,000 after purchasing an additional 153 shares in the last quarter. Cypress Wealth Services LLC grew its stake in shares of eBay by 4.7% in the 4th quarter. Cypress Wealth Services LLC now owns 3,488 shares of the e-commerce company’s stock worth $216,000 after buying an additional 157 shares during the last quarter. IFP Advisors Inc increased its position in eBay by 7.2% during the 4th quarter. IFP Advisors Inc now owns 2,417 shares of the e-commerce company’s stock valued at $150,000 after buying an additional 163 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in eBay by 4.1% during the fourth quarter. Capital Investment Advisors LLC now owns 4,226 shares of the e-commerce company’s stock valued at $262,000 after buying an additional 167 shares during the last quarter. 87.48% of the stock is owned by hedge funds and other institutional investors.

eBay Price Performance

eBay stock opened at $67.94 on Thursday. The stock has a market cap of $32.54 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.15 and a beta of 1.35. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $64.97 and a 200 day simple moving average of $62.64. eBay has a 52 week low of $40.74 and a 52 week high of $71.52.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.